Troika Media Group Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Communication Services : Media | Small Cap Growth
Company profile

Troika Media Group, Inc is a global marketing services company. The Company is engaged in leveraging data and technology to deliver integrated branding, marketing, media, and analytics solutions to its clients. It offers solutions to clients an approach in meeting their brand strategy, experiential marketing, and communications needs. The Company’s operating units include Troika Services, Inc. (Global), Troika Design Group, Inc. (Los Angeles), MissionCulture LLC (New York), Mission-Media Holdings Limited (London) and Mission Media USA Inc. The Company operates in New York, New Jersey, and London.

Price
Delayed
$0.716
Day's Change
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)

Today's volume of 871 shares is on pace to be much lighter than TRKA's 10-day average volume of 104,609 shares.

871

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $250,000 In Amazon To Contact Him Directly To Discuss Their Options

6:30 pm ET July 1, 2022 (Accesswire) Print

NEW YORK, NY / ACCESSWIRE / July 1, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Amazon.com, Inc. ("Amazon" or the "Company") (NASDAQ:AMZN) and reminds investors of the July 5, 2022 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you suffered losses exceeding $250,000 investing in Amazon stock or options between February 1, 2019 and April 5, 2022 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/AMZN.

Faruqi & Faruqi, LLP, Friday, July 1, 2022, Press release picture

There is no cost or obligation to you.

Faruqi & Faruqi, LLP, Friday, July 1, 2022, Press release picture

Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.

Amazon is a multinational technology company that engages primarily in the businesses of e-commerce, cloud computing, digital streaming, and artificial intelligence.

On the Company's Amazon.com e-commerce platform, Amazon sells both third-party merchandise and Amazon's own private-label products. As the owner and operator of the Amazon.com e-commerce platform, Amazon has access to certain non-public data of the third-party sellers that use the Amazon.com platform.

On or around June 3, 2019, the U.S. House Committee on the Judiciary initiated a bipartisan investigation into the state of competition online. The investigation, led by the Subcommittee on Antitrust, Commercial and Administrative Law (the "Subcommittee"), examined the business practices and market dominance of Facebook, Google, Apple, and, of particular relevance, Amazon (the "Subcommittee Investigation").

As detailed below, the lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Amazon engaged in anticompetitive conduct in its private-label business practices, including giving Amazon products preference over those of its competitors and using third-party sellers' non-public data to compete with them; (2) the foregoing exposed Amazon to a heightened risk of regulatory scrutiny and/or enforcement actions; (3) Amazon's revenues derived from its private-label business were in part the product of impermissible conduct and thus unsustainable; and (4) as a result, the Defendants' public statements throughout the Class Period were materially false and/or misleading.

On March 9, 2022, media outlets reported that the House Judiciary Committee had requested that the U.S. Department of Justice open a criminal investigation into Amazon and certain of its executives for allegedly lying to Congress about its business practices during the course of the Subcommittee Investigation.

In response, Amazon asserted that there was "no factual basis" for the House Judiciary Committee's allegations.

Then, on April 6, 2022, The Wall Street Journal published an article entitled "SEC Is Investigating How Amazon Disclosed Business Practices." The article reported, inter alia, that the SEC's probe has been underway for more than a year and focuses on Amazon's disclosures regarding its use of third-party seller data for its own private-label business.

On this news, Amazon's stock price fell $105.98 per share, or 3.2%, to close at $3,175.12 per share on April 6, 2022.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Amazon's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

SOURCE: Faruqi & Faruqi, LLP





View source version on accesswire.com:

https://www.accesswire.com/707248/Securities-Litigation-Partner-James-Josh-Wilson-Encourages-Investors-Who-Suffered-Losses-Exceeding-250000-In-Amazon-To-Contact-Him-Directly-To-Discuss-Their-Options



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